Live Turkish Lira Chart & Prices

Should you want to analyse real time spread betting charts and prices for USD/TRY, you’ll probably need a spread betting account.

A spreads account would also give you access to the short-term daily markets. Readers should note that opening an account is subject to status, suitability and credit checks.

Should your account application be approved, you can log in and review the live prices and charts. These are normally provided as part of the service. So what’s the catch? You’ll probably get the occasional call or letter from your chosen spread betting company.

Of course, if you do decide to trade, remember that both spread betting and contracts for difference involve a significant level of risk to your capital and you may lose more than your initial deposit.

USD/TRY Market Analysis and Trading News

3 March 2018, 9:19am,

USD/TRY Daily Market Update

USD/TRY is currently trading at TL 3.96497.

In the last session, the market closed TL 0.06623 (1.69%) higher at TL 3.97525.

30 Minute Chart Analysis

The forex pair is trading lower than the 20 period moving average of TL 3.96734 and higher than the 50 period moving average of TL 3.94649.

1 Day Chart Analysis

The forex market is trading higher than the 20 day moving average of TL 3.86639 and higher than the 50 day moving average of TL 3.81447.

Update by Gordon Childs, Editor,

10 October 2017, 12:48pm,

USD/TRY Daily Report

USD/TRY is currently trading at TL 3.70459.

At the end of the last session, the market closed TL 0.09804 (2.71%) higher at TL 3.71012.

30 Minute Analysis

The FX market is trading higher than the 20-period MA of TL 3.70434 and higher than the 50-period MA of TL 3.67249.

1 Day Analysis

The FX pair is trading higher than the 20-day MA of TL 3.55423 and higher than the 50-day MA of TL 3.49864.

This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Where Can I Spread Bet on Turkish Lira?

If you are looking for a particular TRY currency cross, note that CMC have set up their platform with over 30 TRY pairs from GBP/TRY and JPY/TRY to MXN/TRY and HKD/TRY. Although as with most markets, the more unusual the market is the wide the spread is likely to be.

You might also be able to take a view on the Lira with other brokers.

Where Can I Trade Turkish Lira for Free?

Speculating always involves a degree of risk.

When deciding which trading option is right for you, don’t forget that, in the UK, spread betting is tax free*, i.e. there is no capital gains tax, income tax or stamp duty.

If you want a free online trading platform, keep in mind that investors can take a view on USD/TRY with no commissions or brokers’ fees through firms such as:

How to Spread Bet on Turkish Lira?

Looking at ETX Capital, they have put their USD/TRY Rolling Daily market at TL 2.24925 – TL 2.25025. This means that you can put a spread bet on the USD/TRY rate:

Rising above TL 2.25025, or Falling below TL 2.24925

When you spread bet on USD/TRY you trade in £x per point where a point is TL 0.00010 of the pairs movement. So, if you staked £4 per point and USD/TRY moves 38.0 points then that would alter your P&L by £152. £4 per point x TL 0.00380 = £4 per point x 38.0 points = £152.

Rolling Daily Foreign Exchange Markets

It’s important to note that this is a Rolling Daily Market and so it does not have a settlement date. If you leave your position open at the end of the day, it will stay open and roll over into the next trading session.

If you allow your FX trade to roll over then you’ll usually be charged a small overnight financing fee. You can learn more about Rolling Daily Markets in our article Rolling Daily Spread Betting.

USD/TRY Spread Betting Example

So, if we consider the above spread of TL 2.24925 – TL 2.25025 and make the assumptions:

You have completed your market analysis, and

Your research leads you to think the USD/TRY rate will push higher than TL 2.25025

Then you might decide that you want to buy at TL 2.25025 and risk £2 per point.

With this spread bet you make a profit of £2 for every point (TL 0.00010) that the USD/TRY pair increases above TL 2.25025. Having said that, such a bet also means that you will lose £2 for every point that the USD/TRY market goes below TL 2.25025.

Looked at another way, if you ‘Buy’ a spread bet then your profits (or losses) are worked out by taking the difference between the final price of the market and the initial price you bought the market at. You then multiply that price difference by your stake.

If after a few trading sessions the rate moved higher then you could consider closing your trade to secure your profit.

As an example, should the market rise, the spread might change to TL 2.25869 – TL 2.25969. You would settle your position by selling at TL 2.25869. As a result, with the same £2 stake this trade would result in a profit of:

Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

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Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.